Department for Business, Energy and Industrial Strategy

Clean Steel Fund: Public Consultation

Caroline Lucas: To ask the Secretary of State for Business, Energy and Industrial Strategy, what steps he has taken to engage with civil society on the allocation of the Clean Steel Fund.

Lee Rowley: The Department announced the Clean Steel Fund (CSF) in 2019 and it is currently in development. In 2019 we carried out a Call for Evidence seeking views and supporting evidence to help us develop the detailed design of the Fund, including on barriers to realising clean steel ambitions, and the opportunities to be gained in overcoming these. This Call for Evidence was open to all and we received responses from civil society, including trade associations and academics. These responses are being considered as the policy is designed.  The Government will continue to engage with a range of interested parties on the steel sector in the future.

COP26

Climate Change: Finance

Caroline Lucas: To ask the President of COP26, what assessment his Department has made of (a) how to meet the shortfall in the $100 billion climate finance commitment and (b) how that cost should be distributed across developed countries.

Caroline Lucas: To ask the President of COP26, what steps he is taking to help ensure that (a) contributions by developed countries to the $100 billion climate finance commitment are delivered as grants and (b) 50 per cent of climate finance is allocated to adaptation.

Alok Sharma: The OECD figures recently published showed that developed countries were still significantly short of the $100 billion goal in 2019, mobilising $79.6 billion. We have seen recent progress. President Biden’s recent announcement that the US is doubling their climate finance to $11.4 billion by 2024 is a major step towards the achievement of the $100 billion goal. However, we need all developed countries to step up with enhanced pledges, and the Presidency is continuing to encourage developed countries to increase their commitments, including to feed into the Germany-Canada led Delivery Plan.The UK is ensuring a large majority of our international climate finance is grant-based. We are pressing other donor countries for similarly ambitious commitments. Under our G7 Presidency, the G7 committed to scaling up adaptation finance, and we have seen concrete new individual pledges from Canada, Japan, the US, and Denmark in recent months to this effect. The UK has committed to delivering a balance through our scaled up ICF and has joined the Champions Group on Adaptation Finance, composed of donors committed to delivering a balance of adaptation in their climate finance in response to calls from developing countries.